ROBIN MERGER CORPORATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1943

Legal Domicile

Principal Officer

RICHARD E CULATTA

Phone

7035789600

Tax Period

2023-01-01 to 2023-12-31

ROBIN MERGER CORPORATION INC, founded in 1943, is a mid-sized nonprofit in the Education sector that reported $49.4M in total revenue in fiscal year 2023. Revenue surged 652% from the prior year, signaling strong growth momentum. Expenses of $72.4M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE GENERAL IMPROVEMENT OF EDUCATION THROUGH THE PROMOTION OF PROGRAMS AND PRACTICES THAT WILL FACILITATE THE WHOLESOME DEVELOPMENT OF ALL PERSONS INVOLVED IN EDUCATIONAL EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $18,333,477

CONFERENCE/EVENTS - RMC OFFERS MULTIPLE EVENTS EACH YEAR TO SUPPORT OUR MISSION. THESE INCLUDE THE LIVE CONFERENCE & EXPO WHICH DRAWS 15,000-21,000 ATTENDEES AND EXHIBIT PERSONNEL ATTENDEES, OUR...

CONFERENCE/EVENTS - RMC OFFERS MULTIPLE EVENTS EACH YEAR TO SUPPORT OUR MISSION. THESE INCLUDE THE LIVE CONFERENCE & EXPO WHICH DRAWS 15,000-21,000 ATTENDEES AND EXHIBIT PERSONNEL ATTENDEES, OUR ANNUAL CONFERENCE, AND NUMEROUS OTHER SMALL ACTIVITIES. ATTENDEES INCLUDE EDUCATORS, TECHNOLOGY COORDINATORS, ADMINISTRATORS, LIBRARY MEDIA SPECIALISTS, POLICYMAKERS, AND OTHER EDUCATION STAKEHOLDERS. ACTIVITIES INCLUDING PLANNING, PROMOTING, AND IMPLEMENTING THE EVENTS ARE ADDITIONALLY SUPPORTED THROUGH OUR CORPORATE RELATIONS PROGRAM WHERE WE SOLICIT SPONSORS TO HELP SUBSIDIZE THE COST OF THIS EVENT.

Program 2

Expenses: $8,565,998

PROFESSIONAL LEARNING/LEARNING PRODUCTS - RMC PROFESSIONAL LEARNING AND LEARNING PRODUCTS INCLUDE PUBLICATIONS, ONLINE COURSES, CERTIFICATION PROGRAMS, AND CONSULTING SERVICES FOR EDUCATORS. ALL...

PROFESSIONAL LEARNING/LEARNING PRODUCTS - RMC PROFESSIONAL LEARNING AND LEARNING PRODUCTS INCLUDE PUBLICATIONS, ONLINE COURSES, CERTIFICATION PROGRAMS, AND CONSULTING SERVICES FOR EDUCATORS. ALL PROGRAMS AND SERVICES ARE DESIGNED AROUND INDUSTRY BEST PRACTICES AND OUR STANDARDS FRAMEWORK.

Program 3

Expenses: $10,340,124

PUBLICATIONS - RMC PUBLICATIONS INCLUDE BOOKS, MAGAZINES, JOURNALS, AND MULTI-MEDIA DIRECTED AT PROVIDING INFORMATION TO MEMBERS, NON-MEMBER EDUCATORS, AND THE PUBLIC ON THE BEST EDUCATIONAL...

PUBLICATIONS - RMC PUBLICATIONS INCLUDE BOOKS, MAGAZINES, JOURNALS, AND MULTI-MEDIA DIRECTED AT PROVIDING INFORMATION TO MEMBERS, NON-MEMBER EDUCATORS, AND THE PUBLIC ON THE BEST EDUCATIONAL PRACTICES AND PROGRAMS PLUS TRENDS AND ANALYSIS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,689,817

Program Service Revenue $45,164,470

Investment Income $2,279,833

Other Revenue $245,504

TOTAL REVENUE $49,379,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,306,965

Fundraising Expenses $0

Program Expenses $49,839,863

Other Expenses $44,067,211

TOTAL EXPENSES $72,374,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,379,624	$6,567,253	+6.5%
Expenses	$72,374,176	$11,920,237	+5.1%
Net Income	$-22,994,552	$-5,352,984	+3.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

251

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,773,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD E CULATTA	CEO	40.00	Officer	$449,632	$47,213	$496,845
PENNY C REINART	DEPUTY EXEC.	40.00	Officer	$452,632	$1,040	$453,672
CHERETTA A CHERKLEY	CHIEF OPERAT	40.00	Highest	$365,302	$4,618	$369,920
JOSEPH B SOUTH	CHIEF INNOV.	40.00	Highest	$272,026	$38,033	$310,059
JOSHUA D SOUSA	SR. DIRECTOR	40.00	Highest	$272,026	$34,508	$306,534
STEVEN MILLER	CHIEF FINANC	40.00	Officer	$275,241	$23,715	$298,956
BRYAN BOWN	CHIEF GROWTH	40.00	Officer	$245,248	$42,416	$287,664
JENNIFER RAGAN FORE	CHIEF EXPER.	40.00	Highest	$268,409	$14,729	$283,138
LAYLA J ALLAHVERDI	CHIEF OF STA	40.00	Officer	$208,121	$27,785	$235,906
ROBERT LETCHER	MANAGING DIR	40.00	Highest	$144,943	$24,437	$169,380
NICOLE BLANCHARD	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
BART EPSTEIN	CO-TREASURER	1.00	Officer Director	$0	$0	$0
RAND HANSEEN	CO-PAST PRES	1.00	Officer Director	$0	$0	$0
ADAM PHYALL III	DIRECTOR	1.00	Director	$0	$0	$0
CARLA JEFFERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARLON STYLES JR	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE KAY-WYATT	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS KIND	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER KOCH	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS LOCKETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCVEY	CO-TREASURER	1.00	Director	$0	$0	$0
SOPHIA MENDOZA	DIRECTOR	1.00	Director	$0	$0	$0
MATT MINGLE	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
JEREMY OWOH	CO-SECRETARY	1.00	Officer Director	$0	$0	$0
NORIS PRICE	DIRECTOR	1.00	Director	$0	$0	$0
SARENA SHIVERS	DIRECTOR	1.00	Director	$0	$0	$0
BEN SHULDINER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE TERRY	CO-SECRETARY	1.00	Officer Director	$0	$0	$0
TACY TROWBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
KIM WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
AVIS WILLIAMS	CO-PAST PRES	1.00	Officer Director	$0	$0	$0
CHARLES BADU YEBOAH	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$49,379,624	$72,374,176	$69,861,875	$-22,994,552
2022	$39,968,095	$34,292,952	$67,223,894	$5,675,143
2022	$6,567,253	$11,920,237	$61,911,816	$-5,352,984
2021	$33,555,504	$29,885,102	$89,116,605	$3,670,402
2020	$26,629,493	$31,299,742	$74,879,436	$-4,670,249
2019	$48,760,285	$38,700,466	$76,185,803	$10,059,819
2018	$40,122,726	$39,791,657	$79,718,625	$331,069